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Topic: Why do we need to regulate digital money - page 8. (Read 5040 times)

newbie
Activity: 66
Merit: 0
September 12, 2018, 06:25:50 AM
digital / crypto currency arrangements are considered very important to prevent misuse of transactions for certain purposes such as money laundering, illegal activities, even for crimes
full member
Activity: 1218
Merit: 105
September 12, 2018, 06:24:06 AM
For me, we need to regulate digital currencies, especially bitcoin to fully make use of it as payment in online transactions. And so that, bitcoin and other cryptos will exist forever. Although it opposes its idea being a decentralized cryptocurrency, I believe we need to do this in order that bitcoin and other cryptos survive for long in the crypto or real world.
Yeah we need some assurance that our money will be safe everytime we invest or if it is being used to realize the project that we invested and will not go to the pocket of the CEO and team doing ICO projects. Aside from that government could watch over the market price movement so that it will not manipulated if there are manipulations and the government could identify people who are getting involve in cryptocurrency for national security.
Even if Bitcoin or other forms of crypto currencies are regulated it still doesn't give the assurance that your precious coins or tokens are safe but it is not a bad idea to regulate these crypto currencies and it will help authorities to track down some illegal activities happening in the digital world.

Aside from that government could watch over the market price movement so that it will not manipulated if there are manipulations and the government could identify people who are getting involve in cryptocurrency for national security.
I don't think that governments can stop the manipulations of crypto currencies even if they regulate it because Bitcoin is decentralized and it is created without anyone controlling it and it gives freedom for everyone that uses it. But the manipulation of this crypto currency is expected especially to those people or whales that have a huge amount of this currencies.  Sad
full member
Activity: 420
Merit: 100
September 12, 2018, 06:15:59 AM
Most digital money transactions up to now have been carried out without regulation, especially since bitcoin first launched in 2009, is now starting to pay attention and warn investors of the potential for fraud.
full member
Activity: 355
Merit: 102
September 12, 2018, 06:04:25 AM
not only my paper money that we set but digital money is also important, so it's very true that managing digital money is very useful for today's technology because it can be useful for online transactions
full member
Activity: 686
Merit: 100
September 12, 2018, 06:02:35 AM
Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.


One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.


If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?

 
we need to regulate to eliminate illegal transaction using blockchain specially cryptocurrency , it's anonymousity and  able to transact anywhere , anytime can be taken advantage by people who deal illegal stuff online.
copper member
Activity: 59
Merit: 0
September 12, 2018, 05:51:02 AM
Paper money got involved in more crime. Regulation just doesn't works.
I think so too. I think governments are as much evil as all other criminals are. Not less.
newbie
Activity: 23
Merit: 0
September 12, 2018, 05:50:53 AM
we don't have to manage cryptographic forms of money yet directions can be additionally useful with the reception and development of them or they can be prohibitive and even keep the appropriation by and large. at last it will come down to what they are controlling and how. for instance on the off chance that it is control of trades and on the off chance that it prompts a more secure place where individuals can exchange with less hazard that would be something worth being thankful for. furthermore, First of all, we are not the person who can influence direction to digital currency aside to from government.

Computerized cash resembles with paper cash however they are distinctive in highlights and process in utilizing, them two have a similar use. Crypto and fiat have esteem and they are cash. When we discuss the money, we likewise discuss how the economy streams. Government forced a law in computerized money since it very well may be a wellspring of wrongdoings. In the event that the administration won't manage digital money, it tends to be an apparatus some time or another to make a war and will result to a contention in our general public.
newbie
Activity: 26
Merit: 0
September 12, 2018, 05:19:12 AM
Who will regulate if not Human beings in a position of centralized power? Digital currencies are meant to bypass the state meddling in the economy.
newbie
Activity: 33
Merit: 0
September 12, 2018, 05:15:07 AM
that's all i need in order to prevent from crime in our world. Digital money need to regulate and not allow to used for crime
full member
Activity: 490
Merit: 100
September 12, 2018, 04:59:24 AM
Because digital money can be used as a means to make various negative transactions so that with these factors the government must really make policies on digital currencies in order to anticipate bad problems later.
legendary
Activity: 2968
Merit: 3061
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September 12, 2018, 04:49:59 AM
Whether I hear the word 'regulate' I hear this:

Sixteen in the clip and one in the hole
Nate Dogg is about to make some bodies turn cold
Now they droppin and yellin
It's a tad bit late
Nate Dogg and Warren G. had to regulate

https://www.youtube.com/watch?v=1plPyJdXKIY

For me, we need to regulate digital currencies, especially bitcoin to fully make use of it as payment in online transactions. And so that, bitcoin and other cryptos will exist forever. Although it opposes its idea being a decentralized cryptocurrency, I believe we need to do this in order that bitcoin and other cryptos survive for long in the crypto or real world.

How does regulation mean that bitcoin will last forever? Nothing lasts forever including bitcoin, but bitcoin seems to have been doing ok without any regulation for the first few years of its existence and would continue to function without any.
newbie
Activity: 19
Merit: 0
September 12, 2018, 01:49:00 AM
There is a possibility that digital money is used for illegal activities. For this reason, the government has actively prevented the use of digital money for the purpose of money laundering. However, arrangements are still needed for the entity and more for activities, such as who does what, where they get a license and are supervised.
newbie
Activity: 168
Merit: 0
September 12, 2018, 01:47:27 AM
Yes you are right. Governments believe that they must control absolutely everything. They want to receive tax from the crypto currency and control that everyone pay this tax, and not just a part of the people. Therefore, they want to introduce regulation. I'm not sure that this will be 100%
full member
Activity: 924
Merit: 221
September 12, 2018, 01:47:13 AM
For me, we need to regulate digital currencies, especially bitcoin to fully make use of it as payment in online transactions. And so that, bitcoin and other cryptos will exist forever. Although it opposes its idea being a decentralized cryptocurrency, I believe we need to do this in order that bitcoin and other cryptos survive for long in the crypto or real world.
Yeah we need some assurance that our money will be safe everytime we invest or if it is being used to realize the project that we invested and will not go to the pocket of the CEO and team doing ICO projects. Aside from that government could watch over the market price movement so that it will not manipulated if there are manipulations and the government could identify people who are getting involve in cryptocurrency for national security.
full member
Activity: 448
Merit: 100
September 12, 2018, 01:44:29 AM
I have always been of the opinion that cryptocurrency regulation should be limited to the exchanges only but I doubt if that can be forever owing to the fact that the financial crimes associated with cryptocurrencies are on the rise by each day. People are beginning to lose trust even in ICOs.
jr. member
Activity: 294
Merit: 1
Staker.network - POS Smart Contract ETH Token
September 12, 2018, 01:40:44 AM
Well you have the idea there because cryptocurrency is realize in a way of anonymity and in the contrary they implemented blockchain technology. After all blockchain technology is not enough to make the system worth it to be accepted by the government that is why the ETF which being discussed in the USA congress was being denied. However we really need to have a regulation in terms of securing our investments to where our money will be put up especially on those ICO projects that collect contributions.

Yes, because all of us have different understanding about digital currencies and those who are have positions are not in favor as of now, but let's see in the future if they will finally reconsider it.
member
Activity: 252
Merit: 15
September 12, 2018, 01:37:50 AM
Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.

If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
The digital cash framework does not require us to do that game plan is finished by the system framework which is monitored by all cryptocurrency any value development BTC likewise indicates value variances that all caused by the market transaction itself it can not change that can happen in light of the fact that merchants theory.
newbie
Activity: 23
Merit: 0
September 12, 2018, 01:34:04 AM
Paper money got involved in more crime. Regulation just doesn't works.
newbie
Activity: 28
Merit: 0
September 12, 2018, 01:28:08 AM
many advantage and change the world and give more benefit.
newbie
Activity: 27
Merit: 0
September 12, 2018, 01:25:57 AM
The adjustment of digital money helps the market become more stable. Many investors will have the calculations for buying or selling Bitcoin or Altcoin.
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